Still, the changes may be leaving some potentially important but high-risk technologies out in the cold.

That is the nature of investing in high-risk, game-changing technologies.

Moreover, some analysts note that the Soviets have a poor track record in related areas of high-risk technology, as driven home by the Chernobyl reactor disaster.

The program, Mr. Clinton's biggest foray into Japanese-style industrial policy, provides grants to companies to develop high-risk technologies that seem too risky for venturecapital firms to underwrite.

Senator Bingaman said the Defense Department "has an appropriate role in supporting research in long-term, high-risk, high-potential technologies."

The new entity would support high-risk technologies of commercial value, helping the military as well as other Federal agencies.

Nuclear power remains a high-risk technology with incalculable consequences.

This is indisputably a high-risk technology which puts the population in danger.

Billions in taxpayers' money is still being poured into a dangerous, high-risk technology, while safe alternatives like renewable energies remain under-funded.

Mr President, ladies and gentlemen, the 20th century has seen the emergence and development of two types of high-risk technology.